The Best Cheap Homeowners Insurance in Aurora, Colorado for 2022: Quotes and Reviews
Homeowners insurance in Aurora, Colorado, costs an average of $3,145 annually or $262 monthly. However, rates vary by company. The cheapest option for homeowners in the city is Chubb, with an average rate of $1,521 per year. Farmers is the most expensive, with an average annual rate of $6,440. That means homeowners can save as much as $4,919 annually by shopping around. MoneyGeek also ranked the best homeowners insurance in Aurora for those who value both cost and quality.
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The Cheapest and Best Homeowners Insurance in Aurora
The Cheapest Home Insurance Companies in Aurora
Generally, insurance carriers in Aurora offer similar core coverages. That is why the premium rate is an important factor for Aurora homeowners.
For those looking for cheap homeowners insurance in the city, the top options for a policy with $250,000 in dwelling coverage are:
- Chubb: $1,521 per year
- Allstate: $2,361 per year
The least expensive home insurance policy will also depend on the dwelling coverage. The most affordable options for a policy with $2,000,000 dwelling coverage in Aurora are:
- Chubb: $8,206 per year
- American Family: $8,525 per year
Use the table below to see how rates change as you adjust the dwelling coverage limits.
The Cheapest Home Insurance in Aurora, Ranked
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These homeowners insurance policies with an initial baseline dwelling coverage have personal property limits of $100,000. Those with dwelling coverage of $2,000,000 have personal property limits of $800,000. All policies have $100,000 in liability coverage.
Homeowners living in another city within the state can also look up homeowners insurance in Colorado.
The Average Cost of Homeowners Insurance in Aurora for 2021
Homeowners insurance in Aurora costs an average of $3,145 per year. In comparison, that is $11 cheaper than the average annual rate of $3,156 in the state of Colorado. However, it is $1,042 more expensive than the national average cost of home insurance, which is $2,103 per year.
Calculate the Cost of Home Insurance in Aurora
In calculating home insurance quotes in Aurora, insurers consider various factors like location, how much dwelling coverage you buy, personal property coverage limits, credit scores and other relevant factors. To find out possible rates based on your situation, compare quotes using MoneyGeek’s home insurance calculator.
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These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Aurora
While homeowners insurance Aurora rates are an important consideration when choosing a policy, they should not be the only determining factor. You should also evaluate customer service experience and financial stability. Choose a carrier that can pay legitimate claims and process them quickly and fairly.
Based on MoneyGeek’s study, the best homeowners insurance carriers in Aurora are:
- Best Overall: Chubb
- Runner-Up: USAA (only available for current and former military members)
MoneyGeek calculated the scores of home insurance carriers in the city using a unique ranking system based on affordability, user satisfaction and financial stability.
The unique features Chubb offers make it stand out. For instance, the company’s policies don't account for depreciation when replacing your personal property, so you'll get new items just as good as your old ones. The company also offers cash settlement to those whose homes are destroyed in a total loss, which means you can opt to get money instead of rebuilding your home.
With high scores across categories, especially a perfect score in terms of affordability, Chubb ranked first in Aurora. Chubb policies cover the cost to have your home rebuilt to its original condition regardless of if the cost exceeds your policy limit.Read MoneyGeek's Chubb home Insurance Review
USAA offers various discount opportunities, such as for homes with security systems and policyholders who remain claim-free. If you are an active service member, your USAA policy will cover the loss of your uniforms without deductibles applied. For those renting out a room or home, the company offers home-sharing coverage to cover expenses associated with being a landlord.
USAA also garnered high ratings across categories, including a perfect score in customer satisfaction. Only military members, veterans or their families can get USAA policies.Read MoneyGeek's USAA home Insurance Review
Cheapest Home Insurance Companies in Aurora for Newly Constructed Homes
If your home in Aurora is newly built, it may be cheaper to insure compared to older homes. That is because modern materials tend to be more resistant to damage and are easier to replace, which makes homeowners less likely to file a claim.
The average homeowners insurance rate in Aurora for newly built houses is $2,028 per year compared to an average of $3,145 per year for a home built in 2000.
The cheapest options for a newly constructed home with dwelling coverage of $250,000 on average are:
- Chubb: $1,345 per year
- Nationwide: $1,386 per year
The Cheapest Home Insurance in Aurora for New Homes, Ranked
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Cheapest Home Insurance Companies in Aurora if You Have a Lot of Personal Property
Home insurance policies in Aurora also cover personal belongings you keep in your home. If you want more coverage, you can increase personal property coverage limits by paying higher annual premiums.
The average rate for a standard policy with $250,000 personal property limits in Aurora is $3,439 per year. A similar policy with only $100,000 personal property coverage limit costs an average of $3,145 annually.
On average, the least expensive companies for Aurora homeowners looking for a policy with personal property coverage limits of $250,000 are:
- Chubb: $1,980 per year
- Allstate: $2,374 per year
Cheap Companies in Aurora for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Aurora for High Deductibles
Your deductible will have a huge impact on home insurance quotes in Aurora. Higher deductibles lead to cheaper annual premiums, but you will pay more out-of-pocket if you make a claim.
A standard policy and $2,000 deductible in the city typically costs $2,855 per year compared to an average of $3,145 for a $1,000 deductible.
On average, the cheapest companies for Aurora homeowners with higher deductibles are:
- Chubb: $1,274 per year
- Allstate: $2,075 per year
The Cheapest Companies in Aurora for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Aurora if You Have Poor Credit
Credit scores are among the factors that insurance carriers use to calculate homeowners insurance quotes in Aurora. Annual premiums are more expensive for homeowners with poor credit scores.
The average rate for policyholders with good credit is $3,145 per year, while the average annual cost of insurance is $4,863 for those with poor credit.
On average, MoneyGeek found that the most affordable options for Aurora homeowners with poor credit are:
- Auto-Owners Insurance Co: $2,842 per year
- Chubb: $3,130 per year
The Cheapest Companies in Aurora for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Aurora
Getting homeowners insurance quotes online requires you to provide some key pieces of information. Insurers may ask for the following:
- Home replacement cost – This refers to the cost of rebuilding your home after a covered incident occurs and will determine dwelling coverage limits. Hire a building contractor or construction professional for an accurate estimate.
- Personal property value – The value of the personal belongings you keep in your home that you want to cover in your insurance policy will determine your personal property coverage limit.
- Personal information – Insurance carriers will ask for your address, the number of people living in your home, your insurance history and other relevant details.
- Details about your house – You may also need to provide information about your house, including the size, when it was built and whether you have any safety device installed.
Homeowners Insurance in Aurora Analysis: Methodology
MoneyGeek analyzed home insurance premiums from 11 companies in Aurora using data provided in partnership with Quadrant. To calculate affordability scores, quotes were collected for a home with varying coverage levels. For customer satisfaction ratings, data from J.D. Power surveys were used. MoneyGeek also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores.
The base profile of the average homeowner is someone who has a 2,500 square-foot home built in 2000, with dwelling coverage of $250,000, personal property coverage of 100,000 and liability coverage of $100,000. All policies have deductibles of $1,000.
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